Opening Balances After Year-End Closing in Business Central D365 ERP

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Posted on by PS-20050952-0

hello,

In Microsoft Dynamics 365 Business Central ERP, I have closed the previous fiscal year (2024) and posted the retained earnings. I followed these steps:

Closed the accounting period.
Posted the "Close Income Statement" batch job.(retain earnings journal )

Now, my question is:

Where can I find the opening balances in the Chart of Accounts (COA)?
Are the opening balances automatically transferred after closing the year, or do I need to manually post them?

I would appreciate any guidance on this process. Thanks!

Categories:

Dynamics 365 Business Central

Microsoft Dynamics NAV

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Yi Yong 1,685 Super User 2024 Season 2 on at

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Opening Balances After Year-End Closing in Business Central D365 ERP

Hello,

You can always filter the Chart of Accounts page to the previous FY period for the balances.

You need to manually post them after running "Close Income Statement".

This function will only create the entries on the selected journal batch.